Europa Oil & Gas (Holdings) plc chief executive officer William Holland has bought 697,484 ordinary shares of £0.01 each in the company, at 0.75 pence per ordinary share. Mr Holland is now beneficially interested in 5,720,800 ordinary shares, representing approximately 0.596% of Europa’s issued share capital. The acquisition is Mr Holland’s fourth this year.
Oil & Gas
Borders given more time for Falkland licences
Borders & Southern Petroleum plc has been granted two further years for its three offshore production licences, including the Darwin discovery area, in the South Falkland Basin. APPRAISAL PL018, PL019 and PL020, due to expire at the end of this year, are now valid until 31 December 2026. The company continues its search for a […]
UJO expects restart of Keddington production
Union Jack Oil plc expects to restart production during late 2024 at the Keddington oil field in the East Lindsey district of Lincolnshire. GROWTH The company, which owns 55% while Egdon Resources (UK) Ltd holds 45%, said that ongoing site improvements were “progressing well”. Elsewhere in the UK, cumulated net revenues profits from the onshore […]
Europa revenues fall on lower production-prices
Europa Oil & Gas (Holdings) plc revenue fell by nearly half on lower oil production and prices following a busy and “at times challenging” year. POTENTIAL The company’s interests are onshore UK – notably the Wressle joint venture – Equatorial Guinea and Ireland. Results for 12 months ended 31 July 2024 show revenue fell 46% […]
Deeper drilling in Viura-1B ‘exceeds expectations’
Prospex Energy plc said that the Viura-1B development well had exceeded expectations with good gas shows and several potential reservoirs at the onshore field in northern Spain. INSPIRATIONAL Drilling began in June, reaching the new target total depth of 4,500 metres, approximately 4,100m true vertical depth, on 21 October. The well had encountered the main […]
Reabold increases share in Colle Santo
Reabold Resources plc has increased its interest to 29.2% in the Colle Santo gas field option holder. RESOURCE The company converted £510,236.28 of convertible loan notes plus accrued interest, into 36 ordinary shares of LNEnergy Ltd at £14,173.23 per share. The loan note is dated 26 March 2024. LNEnergy manages and owns 20% in Italian […]